2023 MAD to CLP Historical Review

YEARLY HIGH

92.2939 CLP

YEARLY LOW

76.1265 CLP

YEARLY AVERAGE

82.9929 CLP

2023 MAD to CLP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 16, valuing the pair at 92.2939. Conversely, the yearly low was recorded on March 9, dropping to 76.1265.

This high-to-low spread represents a total annual volatility of 16.1674 CLP. From a start-to-finish perspective, comparing the January average rate of 80.4441 to the December average rate of 87.2550, the exchange rate registered a net change of 8.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 92.2939 was down 9.44% compared to the 2022 peak of 101.9108, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MAD based on timing:

Yearly Peak High 461,469 CLP

2022 Average 430,369 CLP

Yearly Trough Low 380,632 CLP

Transaction Impact: A difference of 80,836.92 CLP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

91.5533

76.5016

JanuMarcMayJulySeptNove

MAD to CLP Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 79.0438, compared to 86.9419 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.8982 points.

H1 Avg (Jan–Jun) 79.0438

H2 Avg (Jul–Dec) 86.9419

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 5.6348 CLP (High: 92.2939 / Low: 86.6591). On the other end, May was the most stable month, with a tight range of 2.9058 CLP (High: 80.7221 / Low: 77.8163).

October Spread (Volatile) ±5.6348

May Spread (Stable) ±2.9058

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 3.0881 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -3.0881

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 90.2990) against the same month in 2022 (average: 87.0682), the exchange rate shifted by +3.2307 (+3.71%).

2023 Avg (October) 90.2990

2022 Avg (October) 87.0682

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	82.0627	77.7328	80.4441
February	80.1241	76.3875	77.7559
March	80.8103	76.1265	78.1936
April	81.4841	77.3582	79.4847
May	80.7221	77.8163	78.9467
June	81.2912	77.4702	79.4377
July	85.6425	80.9811	83.7405
August	88.7486	84.0126	86.5464
September	88.1959	83.4813	86.5999
October	92.2939	86.6591	90.2990
November	90.5432	85.8445	87.2109
December	90.2667	85.3933	87.2550